Japan's Debt Reality Check 📊 Japan's long-term interest rates look artificially low compared to other developed nations. Why? The Bank of Japan keeps buying massive amounts of government debt to suppress yields. The Problem: Japan has 240% debt-to-GDP (Germany has 65%) Yet both countries have nearly identical 30-year bond yields This massive mispricing shows how distorted Japanese markets really are The Dilemma: Japan can either: Let markets set rates → Higher yields but stabilizes the Yen Keep capping yields → Continues currency collapse More stimulus won't solve this. It's time for policymakers to face the uncomfortable truth: Japan's debt situation is far more precarious than the numbers suggest.